North Carolina S789 establishes a homebuyers' assistance program for first-time public servants and an income tax credit for volunteer rescue workers.

North Carolina S789 creates a homebuyers' assistance program through the Housing Finance Agency, offering down payment and mortgage insurance assistance to first-time homebuyers who are full-time public servants. The program is funded with $200 million from the General Fund for the 2026-2027 fiscal year. Additionally, the bill introduces an income tax credit for eligible volunteer firefighters and rescue squad workers, allowing them to claim expenses up to $5,000. The credit is effective for taxable years beginning on or after January 1, 2026.

North Carolina S789 establishes a homebuyers' assistance program for first-time public servants and an income tax credit for volunteer rescue workers.

North Carolina S789 creates a homebuyers' assistance program through the Housing Finance Agency, offering down payment and mortgage insurance assistance to first-time homebuyers who are full-time public servants. The program is funded with $200 million from the General Fund for the 2026-2027 fiscal year. Additionally, the bill introduces an income tax credit for eligible volunteer firefighters and rescue squad workers, allowing them to claim expenses up to $5,000. The credit is effective for taxable years beginning on or after January 1, 2026.